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Kiss the Sky Enterprises has bonds on the market making annual payments, with 23 years to maturity, and selling for $945. At this price, the
Kiss the Sky Enterprises has bonds on the market making annual payments, with 23 years to maturity, and selling for $945. At this price, the bonds yield 4.5 percent. What must the coupon rate be on the bonds? Select one:
a. 4.11%
b. 3.91%
c. 4.21%
d. 14.11%
e. 4.19%
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